The WORST Investment Advice In The World

In this video, we'll go through why buying the stock market dip is horrible advice. I'll also give you a better way to invest in the stock market. Check out My Recommendations (Purchasing anything here funds the free content on this channel): 📊 Personal Finance Bundle Wait List: https://bit.ly/4bpyTHT Work with an hourly fee financial planner here: https://bit.ly/48mrWaF 📝 Boldin - The retirement planning tool I use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ 💬 Sign up for 1 on 1 coaching with me: https://bit.ly/4bAUpYT 📖 Free copy of my Spending Review Spreadsheet: https://bit.ly/48lMVZ1 Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic. 1. Foregone Conclusion- Saying to buy the dip gives off this foregone conclusion that any time the price of a stock decreases you should blindly buy more of it because the price is lower today than it was a week, month, or year ago. Just because a stock is down 80% doesn’t mean that it’s automatically on sale. All it means is that the price is 80% lower than it was back in October of 2020 at the all-time high. 2. What Do You Consider A Stock Market Dip? The next big problem is that not many people have even defined for themselves what an actual “dip” is in terms of percentage amounts and even time period. Having certain investing rules put in place for yourself is a good way to mitigate risk and avoid catching a falling knife if that stock is tanking and most likely never getting back to those all-time highs. 3. Timing The Market- No matter which type of investor you are, all “buying the dip” is is another form of timing the market because you’re sitting on the sideline with cash trying to “time” when to actually deploy the money. Yes, it’s possible to time the market once, twice, even 3 times…but it’s not very probable that you’ll be able to continue to successfully do it over a long period of time. All you end up doing is sitting there with a bunch of cash on the sideline waiting for the market to HOPEFULLY dip so that you can deploy a little bit of it. 4. Instead of trying to buy the dip, just using a simple dollar cost average investing method is the best solution. Buy at the same time every month no matter what the market is doing. Yes, sometimes you’ll overpay and sometimes you’ll underpay…but you’ll end up with the market average which has shown to be successful over time. #stockmarket #investing #indexfunds